Money

Arconic CEO exits after 'poor judgment' in fight with Elliott Management

Arconic CEO exits after 'poor judgment' in fight with Elliott Management

Arconic's statement praised Mr. Kleinfeld for his "transformative vision" and said he improved the company's performance despite a hard environment. In his years as perhaps the most sharp-penned activist in the hedge fund industry, Elliott Management chief Paul Singer has made more than a few corporate managers and directors (and at least one head of state) very, very angry. Read More

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China's economy grows 6.9% in first quarter of 2017

China's economy had higher growth for a second-straight quarter as investment picked up , retail sales rebounded and factory output strengthened amid robust credit growth and further strength in property markets. But analysts say warning signs are flashing. On a quarter-to-quarter basis, which is how other major economies report data, the economy lost steam, expanding just 1.3 percent. Read More

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United Airlines will refund ticket fares for all Flight 3411 passengers

United Airlines will refund ticket fares for all Flight 3411 passengers

United Continental Holdings' shares dropped almost 4 percent in trading Tuesday morning as backlash continued over videos of security officers dragging a passenger from his seat Sunday to make way for airline employees. No passengers on the plane have mentioned that Dao did anything but refuse to leave the plane when he was ordered to do so. Fearns and the airline then compromised and moved the 59-year-year down to economy class. Read More

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Canada moves to legalise recreational pot

Canada is set to legalise marijuana for recreational use by July next year. A statement from the Government of Canada said: "The current approach to cannabis does not work". They will also be permitted to grow up to four plants per residence and make cannabis-containing products at home for recreational use. "I know that the use of cannabis among our young people is among the highest in the world". Read More

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North Korean diplomats warn USA of 'all out war'

North Korean diplomats warn USA of 'all out war'

Thornton said the U.S.is not interested in a pre-emptive strike or regime change in North Korea, which is ruled by totalitarian leader Kim Jong Un, but that it is looking for some kind of signal from the mercurial Kim that his government is willing to stick to its global commitments to abandon its current path of developing and testing nuclear weapons and ballistic missiles that could reach the United States. Read More

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Asia stocks slip on North Korea concerns, dollar strengthens

The Tokyo Stock Exchange's banks subindex rose 1.7 and the securities subindex added 1.3 percent. "Comments from Mr. Liu add psychological pressure on the market, which has been trading within a narrow range", said Shen Meng, director at Chanson & Co, an investment firm, "We are seeing a quick shift in market mechanism where speculation will face greater clampdown and yield smaller returns". Read More

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Historic referendum in Turkey grants more power to president

Unofficial results showed that 51.4 percent of Turks voted "Yes" to approve changes to their constitution and grant the country's presidential office extensive executive powers. Most of the changes won't take effect until after the next presidential and parliamentary elections, slated for November 3, 2019. "The constitutional change was accepted by the choice of over 25 million people". Read More

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New missile paraded at N Korean celebration

Pence had been briefed on the failed launch en route to Seoul and had been in touch with Trump, White House aides said. The missile was launched from Sinpo, on its east coast. However, US officials said on Friday that Trump's policy will emphasise increasing pressure on Pyongyang with the help of China, North Korea's only major ally, instead of military options or trying to overthrow Kim Jong Un's leadership. Read More

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Trump's Mar-a-Lago kitchen slapped with 13 health violations

Trump's Mar-a-Lago kitchen slapped with 13 health violations

Ensconced with his family inside the White House after three nights at Mar-a-Lago, Trump's thoughts were far from the tense Korean Peninsula. Mr. Trump has spent seven of the past thirteen weeks in Palm Beach, Florida. Trump is the first president to visit Palm Beach for Easter since former President John F. Kennedy spent his last Easter in 1963 at his family's estate there and attended the mass at St. Read More

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Wells Fargo & Co (WFC) Earns Outperform Rating from Evercore ISI

NC acquired a new position in Wells Fargo & Co during the fourth quarter valued at $102,000. The company has a market cap of $256.92 billion, a price-to-earnings ratio of 12.87 and a beta of 0.98. Keefe, Bruyette & Woods raised Wells Fargo & Co from a "market perform" rating to an "outperform" rating and raised their price objective for the company from $53.00 to $63.00 in a research note on Wednesday, April 5th. Read More

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TAX DAY: Freebies and discounts!

TAX DAY: Freebies and discounts!

If this rings true for you, you can look forward to Tax Day for one reason - free stuff! Here's consumer advocate Michelle Mortensen's list of tax day freebies for you this April 18th. Whether guests are expecting a refund or just finished filing with Uncle Sam, WOB wants to help relieve the weight of the season by inviting guests to enjoy a cold one at locations across the country. Read More

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Schools in Oxfordshire could lose on average 'six teachers each'

Schools in Oxfordshire could lose on average 'six teachers each'

It came a day after he laid down an ultimatum to Education Secretary Justine Greening to increase government funding for schools by the Autumn Budget or risk strike action. "Let's throw Sats into the crack of doom", he told delegates. "We will consult with colleagues in the regions about the readiness of members to do this", NUT General Secretary Kevin Courtney said. Read More

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US sending F-35 fighters to Europe for training - Pentagon

US sending F-35 fighters to Europe for training - Pentagon

The Air Force also wants to demonstrate how the F-35 can be integrated with older "fourth-generation" aircraft, such as the F-15 and F-16. Combat-ready F-35A Lightning II multi-role fighter aircraft arrived Saturday at Royal Air Force Lakenheath, England, demonstrating US commitment to North Atlantic Treaty Organisation allies and European territorial integrity. Read More

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Workers relieve pressure on leaking Alaska oil well

BP reported the leak and formed a "unified command", which included responders from Alaska's Department of Environmental Conservation, the U.S. Environmental Protection Agency, and the North Slope Borough. The specific volume of the North Slope leak hasn't been determined and the cause of the release is unknown, the department said. In an incident report released Sunday, however, the Alaska Department of Environmental Conservation said that the spill does not appear to have spread past the ... Read More

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Harder on Russia and softer on China, Trump's views evolving

In the coming weeks, months, I think there's a great opportunity for all of us.to take action short of armed conflict so we can avoid the worst. He added that a strong dollar had benefits, but would ultimately hurt the USA economy. The two sides are economically entwined yet geopolitical adversaries in the Pacific, where China's ambition to project power risks colliding with the US commitment to keep peace. Read More

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MCD polls: BJP promises social security for unorganised sector

MCD polls: BJP promises social security for unorganised sector

BJP Delhi chief Manoj Tiwari said the manifesto is directed towards implementing Prime Minister Narendra Modi's vision and central schemes at the municipal level. The AAP is aiming to repeat its 2015 Delhi Assembly performance but its humiliating defeat in the by-election and drubbing in Punjab may have hit the morale of Delhi Chief Minister Arvind Kejriwal's party. Read More

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Funeral arrangements set for Dan Rooney

Funeral arrangements set for Dan Rooney

The funeral arrangements are set for Pittsburgh Steelers Chairman Dan Rooney , and they include a public viewing at Heinz Field. The passing of Steelers owner Dan Rooney has brought reactions from around the league, including from the Kansas City Chiefs and the Hunt family, who have known the Rooneys since the AFL days. Read More

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MI toddler found dead in cay care

MI toddler found dead in cay care

Bryanna Reasonover dropped 1-year-old son Korey Brown and her other three children at Keysha's Keepers, a daycare in Muskegon, Mich . An 8-year-old girl has spoken to police and been seen by a child psychologist, but no charges have been laid. Read More

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China's Ant Financial raises offer for MoneyGram to US$1.2b

China's Ant Financial raises offer for MoneyGram to US$1.2b

The original deal struck in January was for $880 million, but USA company Euronet Worldwide jumped in last month with an unsolicited $1 billion offer. Some provisions, such as fees to be paid if the deal falls apart, have changed to match the increased value of the new offer. In a January interview , Ant Financial CEO Eric Jing said MoneyGram would let the company offer more money transfers in U.S., China, India, Mexico and the Philippines. Read More

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Toronto commemorates 100th anniversary of the Battle of Vimy Ridge

The official anniversary of Vimy Ridge, which featured four Canadian divisions fighting together as a unit for the first time to take the almost impossible ridge from German defenders is April 9, although the battle stretched on four days. "Let's renew our commitment to remember their heroism in the face of suffering and fear". French President Francois Hollande said Vimy's soldiers "are still speaking to us". Read More

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Dao goes to court; wants United to save video, records from plane

Dao goes to court; wants United to save video, records from plane

And the small print on United Airline contracts with ticket holders gives the company the right to bump passengers. After the video first emerged, he said the airline was reaching out to the man to "resolve this situation". Alderman Mike Zalewski said he did not know who will represent the airline before the Aviation Committee, but Munoz has been notified of the hearing scheduled for Thursday. Read More

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Thumbs up: Wells Fargo claws away at problem

The report, undertaken by the Wells Fargo board and with help from the Shearman & Sterling law firm, said Mr Stumpf "was too slow to investigate or critically challenge sales practices in the community bank", nor did he "appreciate the seriousness of the problem and the substantial reputational risk to Wells Fargo ". Read More

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Netflix on the verge of hitting 100 million subscribers

Netflix on the verge of hitting 100 million subscribers

They issued a "neutral" rating and a $150.00 price objective on the stock. Buy rating has been given by 0 analysts to the company stock whereas no analyst given UNDERPERFORM rating to stock and 1 analyst given HOLD rating. Revenue was projected to increase 35% year over year to $2.64 billion in the first quarter. The company has delivered an average earnings surprise of 4.5 cents per share over the last 4 quarters, which equates to an average earnings surprise of 75%. Read More

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What Equal Pay Day means for Dayton

Women in male-dominated occupations are paid significantly less than similarly educated men in those occupations. " #EqualPayDay is a reminder that women deserve equal pay for equal work". "It's not just about the pay check inequality but it's the access to other assets that allow you to be able to thrive". During the Ivanka Trump-led meeting, Trudeau and group members discussed ways to promote education, entrepreneurship, equal pay and paid leave for female workers. Read More

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Air India proposes hefty fines for unruly passengers

Air India proposes hefty fines for unruly passengers

India's national carrier Air India is muling hefty fines to rein in unruly flyers, under which any passenger who delays a flight will have to pay a penalty of up to 15 lakh rupees (45,000 US dollars), aviation sources said Monday. More recently, air traffic data released by the government also showed that incidents of passengers being denied boarding by domestic airlines - which also leads to conflict - have doubled in the last one year. Read More

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Wells Fargo to take back additional $75m from former execs after investigation

Last year, Wells Fargo agreed to pay regulators $185 million to settle investigations into the bank's sales practices, which pushed thousands of workers to open as many as 2.1 million accounts that customers never authorized. In other words , by stepping back from from cross-selling and aggressive sales goals, Wells Fargo may see revenue momentum step back as well, he explained. Read More

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Wells Fargo Reports Record Wealth Management Assets

Zacks Investment Research cut shares of Wells Fargo & Co from a "buy" rating to a "hold" rating in a research report on Monday, January 16th. Cohen Capital Management Inc. If you are reading this report on another publication, it was illegally copied and republished in violation of United States and worldwide copyright and trademark law. Read More

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Andre Johnson to Sign 1-Day Texans Contract, Retire with Franchise

Andre Johnson to Sign 1-Day Texans Contract, Retire with Franchise

In November, Johnson said "it would mean a lot" for him to retire as a Texan, per Reid Laymance of the Houston Chronicle. Johnson was the Texans' first pick in their second ever National Football League draft. In the past two seasons, Johnson caught just 50 passes for 588 yards and six touchdowns. Johnson started 169 games for Houston and had seven 1,000-yard receiving seasons, including a career-high and franchise-record 1,598 yards receiving in 2012. Read More

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Trump tweets on tax returns

The demonstrations were timed to coincide with the traditional April 15 deadline for annual tax filings, a key date on the calendar for USA households, and resulted in dozens of arrests. More than four months after winning the presidency, Trump continued to attack Clinton at a rally in Nashville, Tennessee, this March. "We do care. Read More

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